21 Sep Retirement Plan Fee Disclosures: Now What?
Tuesday, Oct. 9
2 p.m. ET / 11 a.m. PT
By now, you have no doubt been inundated with communications from your 401(k) or 403(b) plan vendors regarding the fees that they charge and the services they provide. Those vendors had until July 1 to send you their service provider fee disclosures, a mandatory notice required under Department of Labor regulations. Separate notices must then be sent to plan participants describing the fees that might be assessed against their accounts.
After this flurry of notices and disclosures, you may be asking yourself: Now what? Is there more that an employer should do? The unfortunate answer is “yes,” you have more work to do — and very little time to do it. This webinar will help you understand what you should do with the service provider fee disclosures and how to respond to questions you might be receiving from employees about the participant fee disclosures.
Topics to be covered during this informative 90-minute webinar include:
- Understanding basic 401(k) and 403(b) fee structures
- How to create a prudent fiduciary process for evaluating ERISA Section 408(b)(2) service provider fee disclosures
- Strategies for addressing questions raised in response to participant fee disclosures
Best practices to protect employers from fiduciary liability under ERISA